吴说获悉，BitFuFu 发布截至 2025 年 12 月的未经审计运营更新。数据显示，公司当月共挖出 188 枚比 特币，其中云挖矿产出 151 枚、自营挖矿产出 37 枚；截至 12 月 31 日，比特币持仓为 1,780 枚，较上 月增加 16 枚。公司同时披露，质押比特币数量已从 620 枚降至 274 枚，以提升资产负债表可用比特币 规模及流动性。 此外，2025 年该公司共挖出 3,662 枚比特币。 （来源：吴说） ...

Core Viewpoint - Derlin Holdings (01709) reported a total Bitcoin production of 25.2107 BTC from December 1 to December 30, 2025, with an average daily production of approximately 0.8404 BTC [2][5]. Group 1: Bitcoin Production and Hash Rate - The actual hash rate increased from approximately 0.84 EH/s on December 1, 2025, to about 2.83 EH/s by December 30, 2025, with a peak daily hash rate of 2.83 EH/s during this period [2][5]. - The Bitcoin held during this period was entirely from mining output, with no other sources or disposals of Bitcoin [2][5]. - The initial Bitcoin balance on December 1, 2025, was 5.9807 BTC, leading to a final balance of 31.1914 BTC by December 30, 2025, after accounting for the mined Bitcoin [2][5]. Group 2: Future Projections - The company currently operates 9,148 Bitcoin mining machines, with a total hash rate of approximately 3.993 EH/s, which is expected to yield an indicative daily output of about 1.72 BTC [3][6]. - The forecast for total Bitcoin production in 2026 is estimated to be between 600 and 700 BTC, subject to network difficulty, Bitcoin prices, operational time, and other operational conditions [3][6].

该期间持有的比特币完全来自挖矿产出。该期间并无其他比特币来源，亦无处置比特币。于2025年12月 1日的期初比特币结余为5.9807枚比特币(为于2025年11月12日至2025年11月30日期间产出的所有比特 币)。加上该期间产出的25.2107枚比特币且并无处置比特币，于2025年12月30日的比特币期末结余为 31.1914枚比特币。 根据集团现时内部预估及现行比特币网络状况，现有9,148台比特币矿机，总哈希率约为3.993 EH/s，预 期相应的指示性合计日产出约为1.72枚比特币。集团目前预测2026年全年比特币产量约为600至700枚比 特币(但须视网络难度、比特币价格、运行时间及其他运行状况而定)。 智通财经APP讯，德林控股(01709)发布公告，于2025年12月1日至2025年12月30日期间(该期间)，比特 币总产量为25.2107枚比特币，相当于每日平均产量约为0.8404枚比特币。实际哈希率(按矿池基准)由 2025年12月1日的约0.84 EH/s增长至2025年12月30日的约2.83 EH/s，且该期间的每日实际哈希率峰值约 为2.83 EH/s。 ...

于本公告日期，集团已完成(i)向比特大陆收购位于阿曼及巴拉圭的2,448台总哈希率约为0.825 EH/s的比 特币矿机;(ii)向Evergreen Wealth Investment Limited收购位于美国奥克拉荷马州的2,200台总哈希率约为 1.040 EH/s的比特币矿机;及(iii)于后续收购事项中收购位于美国奥克拉荷马州的合共4,500台总哈希率约 为2.129 EH/s的额外比特币矿机。根据集团目前的内部估计及现行比特币网络状况，该9,148台现有比特 币矿机预期相当于指示性合计每日产出约1.72枚比特币，惟须视乎网络难度、比特币价格、运行时间及 其他营运状况而定。 智通财经APP讯，德林控股(01709)公布，比特币矿机正式协议所载的所有先决条件已获达成，且已于 2025年12月30日完成。 ...

Group 1 - Major mining companies are transitioning to AI and HPC, with CoreWeave acquiring Core Scientific for approximately $9 billion, marking a significant shift in the industry [4] - Bitcoin's total network hash rate has surpassed 1 ZH/s, with the average cash cost to mine one BTC reaching about $74,600, and total costs including depreciation rising to approximately $137,800 [4][5] - High mining costs have extended the payback period for mining machines to over 1,200 days, leading to the exit of small miners and diversification into AI by large mining companies [5] Group 2 - The Trump family is heavily investing in the crypto mining sector, with Eric Trump co-founding American Bitcoin Corp, which raised $220 million and plans to go public via a reverse merger [6] - Russia has implemented strict mining bans while recognizing mining as an undervalued export project, with nearly 16% of global hash rate originating from the country [7] - Sovereign nations are increasingly participating in mining, with Bhutan accumulating approximately $1.3 billion in Bitcoin reserves, representing nearly 40% of its GDP [8] Group 3 - Tether is expanding its presence in the mining sector, investing in renewable energy mining facilities and deploying hash power in decentralized mining pools [9] - The mining hardware market is experiencing a price war, with Bitmain significantly reducing prices for its S19/S21 series to clear inventory [10] - Global efforts to combat illegal mining and electricity theft are intensifying, with Malaysia uncovering $1.1 billion in losses due to illegal mining activities [11] Group 4 - Publicly listed mining companies are adopting a "HODL" strategy, with MARA Holdings surpassing 50,000 BTC in holdings, representing a significant portion of their market value [12] - Regulatory scrutiny is increasing in the mining sector, highlighted by the sentencing of an executive involved in a Ponzi scheme masquerading as a mining operation, reflecting a shift towards compliance [13]

Russia’s Central Bank has acknowledged that crypto mining contributes to the ruble’s strength, though quantifying its exact impact remains difficult as much of the industry operates in gray areas. Governor Elvira Nabiullina made the statement while responding to questions about the sector’s influence on foreign exchange markets, according to a local report. The acknowledgment comes as senior Kremlin officials push to formally classify mining as an export activity in Russia’s trade accounts, which furthe ...

Group 1 - The core viewpoint of the news is that Derlin Holdings (01709) is actively expanding its institutional-level Bitcoin mining operations through the acquisition of high-efficiency mining hardware in selected overseas locations [1] - Derlin Holdings has completed the acquisition of 2,995 Bitcoin mining machines from Bitmain, with a total hash rate of approximately 1.060 EH/s, and is in the process of acquiring 2,200 machines from Evergreen Wealth Investment Limited, with a total hash rate of about 1.040 EH/s [1] - The company has also acquired an additional 4,000 Antminer S21 XP Hyd Bitcoin mining machines, each with a rated computing power of approximately 473 TH/s, which are currently deployed at a Bitcoin mining facility in Oklahoma, USA [1] Group 2 - The total hash rate of the additional Bitcoin mining machines is approximately 1.892 EH/s, with an estimated total power load of about 23 MW based on an energy efficiency of approximately 12 J/TH [2] - The total cost of the additional Bitcoin mining machines is approximately $39.2 million, to be funded by the net proceeds from the company's placement and subscription activities expected to be completed by November 2025 [2] - The estimated total daily Bitcoin production from the acquired and to-be-acquired mining machines is approximately 1.71 Bitcoins under the current network conditions [2]

近期，加密货币市场震荡加剧，比特币在短暂横盘后再度下跌， 市场情绪紧张的背后，有一则与中国相关的消息，始终引起全球加密行业的关注， 据悉新疆地区的大型比特币矿场近期被集中关停，致使比特币全网算力呈现显著下降， 这一变化不仅影响矿工的运营，也在全球范围内引发了关于市场抛压、算力布局以及监管趋势的连锁讨论。 从2025年12月中旬起，事件开始引发广泛关注， 多家监测平台记录显示，比特币全网算力在24小时内出现了急剧的收缩情况， 嘉楠科技前董事长孔建平在社交平台上透露，比特币网络算力下滑大概100EHs，跌幅接近8%到10%， 用当时主流矿机的算力来进行估算，这相当于有超过40万台矿机在同一时段停止了运转。 好几个行业网站展现的趋势和这个数据是符合的，比特币总算力从大概1.1到1.2ZHs的高位下跌到了900EHs的范围。 VanEck数字资产研究负责人MatthewSigel表明，这是2024年比特币减半以后，网络算力单日下跌幅度最大的一回。 尽管新疆当地还没有对这件事发布官方说明，矿场关停的具体情况还不是很清楚， 然而时间点的重合，以及和中国矿工相关的矿池算力同步下降，让行业里大多数人觉得原因是新疆， 孔建平在 ...

本集团已收购及正在收购的比特币矿机在当前网路状况下产出的比特币每日总产量估计可达到约1.71枚 比特币。根据本集团目前的内部估计及当前的比特币网络状况，从后续收购事项中收购的4000台额外比 特币矿机预期对应的指示性每日总产量约为0.81枚比特币，视乎网络难度、比特币价格、正常运行时间 及其他营运状况而定。从后续收购事项收购的额外比特币矿机自2025年12月12日起投入运作并开始生产 比特币。自2025年11月起，本集团亦已大致完成其阿曼及巴拉圭矿场的现有比特币矿机部署工作。从比 特大陆收购的阿曼及巴拉圭的比特币矿机已分别自2025年11 月13日及2025年11月14日起投入运作并生 产比特币。于完成及全面部署2995台比特币矿机后，该2995台比特币矿机在当前网络状况下的指示性每 日总产出估计约为 0.45枚比特币。此外，待完成向Evergreen Wealth Investment Limited收购2200台比特 币矿机(详情载于本公司日期为2025年9月15日及28日的公告及本公司日期为2025年12月3日的通函)后， 该2200台比特币矿机在当前网络状况下的指示性每日总产出估计约为0.45枚比特币 ...

Core Viewpoint - Delin Holdings (01709.HK) is actively expanding its institutional-level Bitcoin mining operations through the acquisition of high-efficiency mining hardware in selected overseas sites in the US, Oman, and Paraguay [1] Group 1: Acquisitions and Deployments - The company has completed the acquisition of 2,995 Bitcoin mining machines from Bitmain, with a total hash rate of approximately 1.060 EH/s, and is in the process of acquiring 2,200 machines from Evergreen Wealth Investment Limited, with a total hash rate of about 1.040 EH/s [1] - Additionally, the company has purchased 4,000 Antminer S21 XP Hyd Bitcoin mining machines from three independent third-party suppliers, with each machine having a rated computing power of approximately 473 TH/s, resulting in a total hash rate of about 1.892 EH/s [1] - The total cost for the additional Bitcoin mining machines is approximately $39.2 million, funded by net proceeds from a placement and subscription completed in November 2025 [1] Group 2: Production Estimates - The total estimated daily Bitcoin production from the acquired and ongoing acquisitions of mining machines is approximately 1.71 Bitcoins, based on current network conditions [2] - The additional 4,000 Bitcoin mining machines are expected to yield an indicative daily total production of about 0.81 Bitcoins, depending on network difficulty, Bitcoin price, uptime, and other operational conditions [2] - After the full deployment of the 2,995 machines from Bitmain, the estimated daily total output is approximately 0.45 Bitcoins, with a similar estimate for the 2,200 machines from Evergreen Wealth Investment Limited once the acquisition is completed [2]